CFTC -
CFTC Suspends Need of Formal Notice for Position Disaggregation Relief -
On August 10, the Commodity Futures Trading Commission (the CFTC) issued no-action relief, eliminating the need for certain persons otherwise required to aggregate positions with certain other persons for CFTC position limit purposes to pro-actively file with the CFTC, beginning August 14, formal written notices supporting disaggregation of positions with such other persons relying on the CFTC’s owned-entity exemption, independent account controller exemption and certain other exemptions from aggregation available under CFTC Rule 150.4(b)(1). Upon request by the CFTC or a designated contract market (DCM), however, such persons will have to file such a formal written notice with the CFTC or DCM, as requested, within five business days. However, this is an after-the-fact obligation, not a pro-active obligation. This relief will be in effect through at least August 12, 2019.
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